BUSINESS STRATEGY

Prophecy Accelerates Adoption of Lakehouse Technology

Prophecy | June 22, 2022

Prophecy
Prophecy, the premier low-code platform for data engineering, today announced the release of Prophecy for Databricks, a powerful new service that enables building data pipelines for business intelligence and machine learning simpler and quicker. With a visual drag-and-drop canvas, this platform allows anybody interested in data engineering to visually and interactively create, deploy, and monitor data pipelines on Apache Spark.

Prophecy for Databricks, designed for usage by both seasoned data engineering teams and non-programmer data citizens, allows several more people to simply develop pipelines, transfer them to production, and expedite the transformation of enterprises to become data-driven. With 10x users enabled, data teams see a dramatic improvement in operational efficiency and data quality, allowing them to manage more pipelines than ever before.

According to IDC, data is being created at a 23% annual growth rate, which means that 181 zettabytes of data will be developed by 2025. Businesses are struggling to keep up with the rate at which data is growing. According to Gartner, the DBMS market is nearly $80 billion and has grown 22% in the last year, with cloud DBMS rising even faster than the overall DBMS market.

Existing data engineering products do not address the requirements of businesses and have proven to be overly complex and inefficient. Businesses can 10x data engineering with Prophecy for Databricks, resulting in dramatic increases in data practitioners' doing data engineering, individual productivity, data pipeline reliability, and data quality.

"The industry need for data & analytics far outstrips what can be produced by data engineers programming in notebooks. With this release of Prophecy for Databricks, we're providing powerful, visual tools that enable an order of magnitude more data users to quickly develop data pipelines, at the same level as programmers. This expansion of data engineering to non-programmers is the only way to realize the potential of data at scale."

Raj Bains, CEO and co-founder of Prophecy

Spotlight

At times like this, businesses are at greatest risk. Whether it be security, operational, cyber or reputational, even in the most sophisticated organizations can struggle. As a result, blind spots develop where the enterprise faces a risk, yet does not have the resources allocated to measure, manage, and mitigate its impact. We

Spotlight

At times like this, businesses are at greatest risk. Whether it be security, operational, cyber or reputational, even in the most sophisticated organizations can struggle. As a result, blind spots develop where the enterprise faces a risk, yet does not have the resources allocated to measure, manage, and mitigate its impact. We

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BUSINESS STRATEGY

SingleStore and Intel Collaborate to Deliver Next-Generation Real-Time Data Technology

SingleStore | July 07, 2022

SingleStore, the cloud-native database built for speed, scale and powering real-time data-intensive applications, announced it has been accepted as a Gold Status Partner in Intel’s Disruptor Initiative. The program helps companies push the limits of innovation through technical enablement and multi-channel go-to-market activities. As a result, SingleStore customers will benefit by realizing enhanced database performance and hardware-enhanced security to address real-time data challenges while lowering total cost of ownership (TCO). "SingleStore is excited to join Intel’s prestigious Disruptor Initiative and to work closely with their engineers to optimize the performance of SingleStoreDB on current and future Intel architectures. “This collaboration helps our customers reach new levels of data intensity with real-time analytical and transactional workloads.” Oliver Schabenberger, chief innovation officer at SingleStore In running internal benchmarks fueled by 3rd Gen Intel Xeon Scalable processors with built-in AI accelerators, SingleStore has seen a performance improvement of up to 30%*. In addition, Intel and SingleStore are both members of the Bytecode Alliance, a nonprofit organization dedicated to creating a secure network software foundation, building on standards such as WebAssembly (Wasm) and WebAssembly System Interface. SingleStore recently brought Wasm technology to the database market and has collaborated with Intel to bring this unique optimized technology to market. Arijit Bandyopadhyay, chief technology officer for enterprise analytics and AI and head of strategy for the enterprise and cloud, DCAI group at Intel Corporation, said: “As the demand for all types of data and high intensity data applications increase, encapsulating complex queries with high ingest speed, high concurrency and low latency requirements, we couldn't be more excited about collaborating with SingleStore to deliver the next generation of real-time data technology on AI – to enhance digital customer experience, improve operations and security, plus generate new revenue streams.” The effort with Intel is the latest that SingleStore has recently forged with other industry-leading technology companies. Earlier this year, SingleStore partnered with IBM and SAS to deliver ultra-fast insights to accelerate insights for data-intensive applications and reduce TCO. SingleStore growth continues to accelerate due to its unique ability to address real-time applications, strategic partnerships, and investments from leaders like IBM, HPE, Dell Technologies and now Intel. Users and media see the value of SingleStore, too. SingleStore has been recognized with several industry awards, including San Francisco Business Times Fastest-Growing Private Companies in the Bay Area and the Deloitte Fast 500 awards. SingleStore also was recently recognized when it won in four top-rated categories from verified user review site TrustRadius in May. Christoph Malassa, managing consultant and head of analytics and intelligence solutions at Siemens, said this about SingleStore: “With SingleStore, we no longer look at the database as a limiting factor in our business.” About SingleStore The world’s leading brands rely on data — to make the right business decisions, to deliver exceptional customer experiences and to stay ahead of the competition. This reliance on data brings with it a need for simplicity, speed and scale. SingleStore delivers the world’s fastest distributed SQL database for real-time applications, SingleStoreDB. By combining transactional and analytical workloads, SingleStore eliminates performance bottlenecks and unnecessary data movement to support constantly growing, demanding workloads. Digital giants like Hulu, Uber and Comcast, and many more of the world’s leading SaaS providers choose SingleStore to unleash the power of their data — supercharging exceptional, real-time data experiences for their customers.

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BIG DATA MANAGEMENT

Aramco and Cognite Form a New Data Venture Together

Aramco | June 20, 2022

Aramco and Cognite launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. CNTXT, headquartered in Riyadh, will promote industrial digitalization in Saudi Arabia and the broader MENA region. CNTXT will provide digital transformation services powered by innovative cloud technologies and industry-leading software. These solutions and services will assist businesses in the public and private sectors in future-proofing their data infrastructure, increasing income, reducing expenses, and mitigating risks, all while improving operational sustainability and security. CNTXT is the only distributor of Cognite Data Fusion® in the MENA area and a reseller of cloud products from Google Cloud in the Kingdom. In addition, Google Cloud plans to build a "Center of Excellence" before the end of the year to teach engineers and business executives how to leverage cloud technology. CNTXT, led by newly appointed CEO Abdullah Jarwan and a management team of local and international talent, intends to dramatically expand its staff this year to become the leading tech employer in the Kingdom. The introduction of CNTXT represents a significant milestone in the partnership between Aramco and Aker ASA, the principal owner of Cognito. A Memorandum of Understanding (MoU) was signed in 2019 to build synergies and share expertise about industrial digitalization and sustainability projects.

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BUSINESS STRATEGY

ISG to Publish Reports on Analytics Platforms, Services

ISG | August 02, 2022

Information Services Group , a leading global technology research and advisory firm, has launched a research study examining platforms and services that help enterprises derive business value from exponentially growing volumes of available data. The study results will be published in a comprehensive ISG Provider Lens™ report, called Analytics Platforms 2022, scheduled to be released in December. The report will cover software vendors and solution providers offering data analytics and governance platforms for generating deep business insights. At the same time, ISG Provider Lens™ will publish the Analytics Services 2022 report, covering providers of data science, data analytics and data monetization services. Enterprise buyers will be able to use information from the reports to evaluate their current vendor relationships, potential new engagements and available offerings, while ISG advisors use the information to recommend providers to the firm’s buy-side clients. In recent years, organizations have recognized the potential of data to drive business value and growth. Both large enterprises and small and medium-sized businesses have shifted their focus from basic business data and statistical modelling to enhanced analytics and decision intelligence. They are using data to identify new revenue streams, improve customer experiences and optimize processes for operational excellence. “In the digital economy, data is an essential asset. “Some enterprises are more mature than others in their data practices, but most of them have a data-centric culture.” Jan Erik Aase, partner and global leader, ISG Provider Lens Research For the Analytics Platforms 2022 study, ISG has distributed surveys to approximately 125 analytics platform providers. Working in collaboration with ISG’s global advisors, the research team will produce two quadrants representing the analytics platform products the typical enterprise is buying, based on ISG’s experience working with its clients. The two quadrants are: Embedded Analytics and Business Analytics Platforms, evaluating providers of commercially available, off-the-shelf platforms for enterprise data reporting and visualization that can move data in multiple formats across departments and make it available for rapid analysis. Data Governance Platforms, assessing providers of readily available platforms for gathering, preparing, transforming and integrating data across organizations and their partners and customers. These platforms include features for maintaining data integrity and managing regulatory requirements, business continuity and data recovery. A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as analytics platform providers can contact ISG and ask to be included in the study. For the Analytics Services 2022 study, ISG has distributed surveys to approximately 125 analytics services providers. The quadrants are: Data Science Services, covering providers of advisory and system integration services that integrate scientific methods and business context, including expertise in a client’s industry, to resolve critical business challenges. Data Engineering Services, evaluating providers of a comprehensive set of services for collecting and aggregating data from multiple sources, processing it and making it available in a structured manner. Data Monetization Services, assessing providers of consulting, system integration and managed services that help clients use data to achieve measurable monetary returns. A list of identified providers and vendors and further details on the study are available in this digital brochure. Companies not listed as analytics services providers can contact ISG and ask to be included in the study. Each report will cover analytics platform and services providers, respectively, on a global basis and in these specific geographic markets: the U.S., Brazil, Germany and the U.K. ISG analysts Maharshi Pandya and Vartika Rai (Global), Gowtham Kumar Sampath (U.S. and U.K.), Holm Landrock (Germany), and Marcio Tabach (Brazil) will serve as authors of the reports. All 2022 ISG Provider Lens™ evaluations now feature new and expanded customer experience (CX) data that measures actual enterprise experience with specific provider services and solutions, based on ISG’s continuous CX research. Enterprise customers wishing to share their experience about a specific provider or vendor are encouraged to register here to receive a personalized survey URL. Participants will receive a copy of this report in return for their feedback. About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. About ISG ISG (Information Services Group) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries — a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data.

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